## Que: A spice trader increased the selling price of a bag of spices by 40 percent and...........

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### Que: A spice trader increased the selling price of a bag of spices by 40 percent and...........

by [email protected] Revolution » Mon Aug 16, 2021 9:17 pm

00:00

A

B

C

D

E

## Global Stats

Que: A spice trader increased the selling price of a bag of spices by 40 percent and then again increased by 20 percent. Which of the following represents the final percent change in the selling price of the bag of spices?

(A) 28% less
(B) 40% more
(C) 60% less
(D) 60% more
(E) 68% more Math Revolution

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[Course] Starting $79 for on-demand and$60 for tutoring per hour and $390 only for Live Online. Email to : [email protected] Elite Legendary Member Posts: 3991 Joined: 24 Jul 2015 Location: Las Vegas, USA Thanked: 19 times Followed by:36 members ### Re: Que: A spice trader increased the selling price of a bag of spices by 40 percent and........... by [email protected] Revolution » Wed Aug 18, 2021 7:58 pm Solution: Let us apply the IVY approach to solve the question. As we are dealing with percentage, then let the original price of the bag of spices be$100.

Price after increment by 40%: (100 + 40)% of $100 => ($$\frac{140}{100}$$) *$100 = $140 Price after second increment by 20%: (100 + 20)% of$140

=> ($$\frac{120}{100}$$) * $140 =$168

As the base price is $100, the final price would be 68% of the base price. After - A ; Before - B Since Percent change = $$\frac{A-B}{B}\cdot100$$(%) and$100 (Before) and $168 (After), We get Percent change = $$\frac{168-100}{100}\cdot100$$(%) =$$\frac{68}{100}\cdot100$$(%) = 68% Therefore, E is the correct answer. Answer E Math Revolution The World's Most "Complete" GMAT Math Course! Score an excellent Q49-51 just like 70% of our students. [Free] Full on-demand course (7 days) - 100 hours of video lessons, 490 lesson topics, and 2,000 questions. [Course] Starting$79 for on-demand and $60 for tutoring per hour and$390 only for Live Online.
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